Revised benchmark returns for the Templeton Global Bond Fund
September 29, 2014
Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).
In August 2014, Franklin Templeton Investments provided Morningstar® with revised benchmark returns for the Templeton Global Bond Fund for the period between November 2013 and June 2014. The manager incorrectly reported U.S. Dollar returns instead of the Canadian Dollar returns for the affected period.
Revised benchmarks are available on the Plan Sponsor and Plan Member Services website and on Morningstar. Please note that the Templeton Global Bond Fund’s rates of return were not impacted by these revisions; only benchmark returns have been revised.
How does this change affect plan sponsors?
Plan sponsors using the Morningstar tools to compare the Templeton Global Bond Fund's returns against the benchmark can re-run any reports which were created between November 2013 and June 2014.
How does this change affect plan members?
Plan members are not required to take any action at this time. Members will be notified of the changes via Morningstar.
Please contact your Sun Life Group Retirement Services representative.